CRCL, HOOD, COIN: Bernstein Predicts Stablecoin Market to Skyrocket to $4 Trillion by 2035
The stablecoin revolution isn't coming—it's already here. Bernstein's bold $4 trillion forecast by 2035 signals a seismic shift in global finance. Forget 'crypto winter'—this is a liquidity avalanche.
Wall Street's playing catch-up as CRCL, HOOD, and COIN position themselves as the gatekeepers of this dollar-pegged gold rush. Traders are swapping T-bills for USDT faster than you can say 'yield farming.'
Regulators? They're still debating whether stablecoins are securities or currencies while the market barrels toward DeFi dominance. Just don't ask the banks—they're too busy repackaging these digital IOUs into 'innovative' structured products.
One thing's clear: The future of money isn't printed—it's minted in code. Whether that future includes central banks... well, that's a $4 trillion question.
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In a new report, Bernstein says it expects stablecoin use to explode in coming years as the global financial system is remade and the “blockchain utility era” accelerates. The firm applauds the U.S. for advancing a regulatory framework for stablecoins through the GENIUS Act and the Securities and Exchange Commission’s (SEC) “Project Crypto” policies.
“The GENIUS Act has unleashed a stablecoin boom,” writes Bernstein. Digital dollar stablecoins already exceed $260 billion in circulation, adds the Wall Street firm. The bullish outlook is positive for stablecoin issuer Circle (CRCL), as well as cryptocurrency exchanges such as Robinhood Markets (HOOD) and Coinbase Global (COIN).
Stablecoins are cryptocurrencies whose value is pegged to an underlying asset such as the U.S. dollar or price of gold.
Cross-Border Payments
“We see stablecoins growing to a $4Tn market by 2035, extending into cross-border banking and payments,” Bernstein writes in its report, adding that tokenization of real-world assets “will unleash digital-native capital markets.”
The firm described the new era of stablecoins and crypto as “the blockchain utility era, not speculative boom-bust.” In its report, Bernstein also rates the stocks of Circle, Coinbase and Robinhood as a Buy-equivalent outperform, saying the group’s “earnings tailwinds are sustainable, driven by regulatory tailwinds, not merely by crypto upside.”
Is COIN Stock a Buy?
The stock of Coinbase Global has a consensus Moderate Buy rating among 21 Wall Street analysts. That rating is based on 15 Buy, five Hold, and one Sell recommendations issued in the last three months. The average COIN price target of $400.63 implies 31.60% upside from current levels.
